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| Title: | 台灣證券交易所投資人交易行為與股票報酬關係之研究
Investor Trading Behavior and Stock Returns in Taiwan Stock Exchange |
| Authors: | 夏清田
Hsia, Ching-Tian |
| Contributors: | 吳啟銘
Eric Wu
夏清田
Hsia, Ching-Tian |
| Keywords: | 投資心理
交易行為
行為財務
股票報酬
心理指標
處分效果
期望理論
預測指標
Investor Sentiment
Trading Behavior
Behavioral Finance
Stock Returns
Sentiment Indicator
Disposition Effect
Prospect Theory
Predictive Index |
| Date: | 2001 |
| Issue Date: | 2016-04-15 16:11:52 (UTC+8) |
| Abstract: | This paper investigates the investor trading behavior and the relationship between investor sentiment and stock returns. First we explore whether individual investors behave as the Disposition Effect stated — hold their losers too long while realize their winners too soon. Second, we apply four sentiment indicators — number of recommended stocks, margin purchase value, net fund redemption and odd-lot trade value — to examine relationship between investor sentiment and stock returns. We would like to see if past returns have anything to do with current sentiment, and if sentiment provides predictive power to future returns. |
| Reference: | *Papers written in English
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Michael E. Solt, Meir Statman. 1988. "How useful is the sentiment index?" Financial Analysts Journal (September/October) : 45-55
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*Papers written in Chinese
Eric, Sha. 2000. "Are They Both Reluctant to Realize Their Losses? － Comparing Individual Investors with QFII in Taiwan Stock Exchange." Master Degree Thesis, Department of International Business, Ming Chuan University.
Huang, Ya-Lan. 1994. "The Relationship between Individual Investor Sentiment and Discounts on Closed-end Funds in Taiwan." Master Degree Thesis, The Department and Graduate Institute of Finance, National Taiwan University.
Lin, Chia-Chang. 1999. "The Study of Affecting Discount (or Premium) Behaviors and Factors for the New Transformation Rule of the Closed-end Funds." Master Degree Thesis, The Department and Graduate Institute of Finance, National Taiwan University.
Su, Chueh-Ling. 2000. "Influence of Individual and Institutional Investors` Investment Behaviors on Stock Return and Turnover Ratios － An Empirical Research on Electrical Stocks in TSE." Master Degree Thesis, The Department and Graduate Institute of Finance, National Taiwan University.
Yeh, Shun-Chi. 1994. "The Discounts and Premiums of Closed-End Funds in the Taiwan Stock Exchange." Master Degree Thesis, Department of Business Management, National Sun Yat-Sen University. |
| Description: | 碩士
國立政治大學
企業管理學系
88355024 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#A2002001397 |
| Data Type: | thesis |
| Appears in Collections: | [企業管理學系] 學位論文
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